One of the main eligibility criteria for first-home buyers is having a good credit score. This takes into account your total number of open accounts, level of debts, and repayment history.
Your credit score is not set in stone as it varies per month depending on your current financial situation and actions.
With a good credit score, you’ll improve your chances of securing your home loan.
You’ll also have a better chance of getting a low-interest rate and other features and be in a better position to negotiate your terms with your lender and save yourself money in the long run.